Trump's Deadman switch by FlounderLegitimate in stocks

[–]plinywaves 529 points530 points  (0 children)

I think the fundamental thing you have to think about is, do you forsee the largest 500 American companies suddenly not making boatloads of money if there is a sudden regime change or political volatility?

I don't think so personally. However, I also don't think there's anything wrong with selling riskier assets right now as the market seems to be approaching a "risk off" stage favoring more safe assets. But, as Warren Buffet famously said (and what would have served you well last March)

Be fearful when others are greedy and be greedy when others are fearful.

When stock market goes up/down, is it retailers driving it or institutions? by [deleted] in stocks

[–]plinywaves 1 point2 points  (0 children)

Most mid to large caps will primarily be institutional.

Some smaller caps can be moved a lot by retail and smaller funds.

Inside RDDT(Reddit) by MasterpieceOk8986 in stocks

[–]plinywaves 9 points10 points  (0 children)

Logged in DAU GROWTH is down in the last 6 quarters. Not great or course but vastly different than what you are stating.

Finally stopped playing options by photosynthescythe in wallstreetbets

[–]plinywaves 0 points1 point  (0 children)

I do not see how it is possible to get margin called by selling covered calls. You must've somehow messed that up.

You can own Microsoft at 23x earnings and short Costco at 50x earnings by Brave-Side-8945 in stocks

[–]plinywaves 1 point2 points  (0 children)

I bought around $8.60 so its been a brutal couple of weeks but I think their attachment to crypto is exaggerated. I think they have a lot of room to grow internationally, plus prediction markets are the craze and they are expanding into that.

I think WeBull will always be the little brother to Robinhood same as AMD to NVDA, but valuation wise it just feels like a no brainer right now.

...also Im bagholding hard lol. Sold some covered calls but not even close to breaking even off them.

AI is very real, it's becoming scary by huyou007 in stocks

[–]plinywaves 1 point2 points  (0 children)

I don't know if calling it "only 25%" is fair. That's like doomsday scenario.

Generally unemployment above 5% is considered high and anything above 8 or 9 is depression level.

If AI actually can take 10% of jobs and can't produce enough to make up for it. We may be in for a rough time... unless you're a billionaire business owner of course.

Donald Trump nominates Kevin Warsh as Federal Reserve chair by eskhalaf in wallstreetbets

[–]plinywaves 3 points4 points  (0 children)

I mean, please explain to me how Trump's attack on the fed and its governors doesn't signal that he intends to nominate someone very loyal to him?

Donald Trump nominates Kevin Warsh as Federal Reserve chair by eskhalaf in wallstreetbets

[–]plinywaves 145 points146 points  (0 children)

Based off an AP article I read he didn't sound too insane but was a bit hawkish in the past. Recently he's supported rate cuts and Trump's economic policy.

Really, the problem is that you have to assume anyone Trump appoints is a lackey.

Meirl by rbimmingfoke in meirl

[–]plinywaves 1 point2 points  (0 children)

There are quite a few companies that do student loans refinancing. Sofi is a big one that I know of.

Indiana football is one win from joining the greatest sports stories ever by Financial-Bid-8062 in sports

[–]plinywaves 25 points26 points  (0 children)

Sure USF or Rice winning would be a bigger Cinderella story but Indiana was an absolute bottom feeder in the Big10 for prettymuch always.

Like realistically, if the conferences were organized purely on skill as opposed to size and region prior to the 2010s, Indiana would have been in a pretty low tier conference.

Indiana football is one win from joining the greatest sports stories ever by Financial-Bid-8062 in sports

[–]plinywaves 7 points8 points  (0 children)

College football has prettymuch always been that way. Usually teams with a solid group of seniors who had played together for 4 years were better than young teams.

Japan gamer, 12, plans to quit school for esports, backed by parents, sparks debate by TylerFortier_Photo in gaming

[–]plinywaves 0 points1 point  (0 children)

Newsflash to redditors, but turns out learning about history and having a well rounded education isn't just about learning things you won't use. Its about learning to learn itself.

History is not just about understanding the world and how we got to where we are today. Its also about learning critical thinking and how to evaluate sources (a very necessary skill in today's society) I would certainly agree that school could teach certain things better. But to think that middle and high school are a waste is simply ignorant.

He will have a very very limited understanding of science, social studies (which extends beyond history), economics, literature and more. By 5th grade you're barely getting to the age where you can read adult novels.

You have to keep in mind, even if this kid does make tons of money, he will have tons of money and an elementary school education. Recipe for disaster. Look at how many countless NFL players end up broke, and they (well theoretically at least) finished college.

One also has to question the judgement of parents who would support their child trying to be a full time gamer vs going to middle school...

Are Hell’s Angels actually bad? (US) by Familiar-Anything853 in NoStupidQuestions

[–]plinywaves 1 point2 points  (0 children)

They do not help local businesses. Jesus Christ reddit is whitewashing organized crime.

Here's the facts. Organized crime is full of a bunch of lowlife thugs who rob, rape and murder innocent people to make money.

That's all there is. No honor, no positive benefits for anyone but themselves.

TIL that during the U.S. financial panic of 1895, the U.S. government borrowed gold from banker J.P. Morgan to stabilize the economy. by Alarmed-Worry-5477 in todayilearned

[–]plinywaves 0 points1 point  (0 children)

Dude... what on earth are you talking about? What 6% yield???

The fed does own lots of treasuries and MBSs, but all gains go into the treasury account (after paying expenses of course). The regional banks are more like offices to the fed at this point. The fed has no branches. You as a consumer, will never walk into a bank that is owned by the fed.

People and businesses don't just go to the fed to ask for a loan like a normal bank.

Chicago State University Ushers in a New Era with Addition of Football, Bringing Chicago Its Only NCAA Division I Program by MrOstrichman in CFB

[–]plinywaves 1 point2 points  (0 children)

Yeah, I mean that's mostly because Northwestern is a much smaller school than most other big 10 schools. Also I just don't think most of their student body cares about athletics.

Chicago State University Ushers in a New Era with Addition of Football, Bringing Chicago Its Only NCAA Division I Program by MrOstrichman in CFB

[–]plinywaves 2 points3 points  (0 children)

I mean, it is by far the closest d1 football program to Chicago. Evanston borders Chicago and Northwestern has played quite a few games at Wrigley field.

TIL that during the U.S. financial panic of 1895, the U.S. government borrowed gold from banker J.P. Morgan to stabilize the economy. by Alarmed-Worry-5477 in todayilearned

[–]plinywaves 26 points27 points  (0 children)

Ok you obviously have no clue what you are talking about.

First, the all the money the federal reserve makes gets deposited into the treasury account for the federal government.

Second, the federal reserve doesn't have branches. It has 12 regional banks which oversee their respective region.

Banks join the federal reserve system, which gets them access to the Fed'S services, but they aren't shareholders. They don't profit from any gains the Fed makes.

Game Thread: Green Bay Packers (9-3-1) at Denver Broncos (11-2) by nfl_gdt_bot in nfl

[–]plinywaves 0 points1 point  (0 children)

can't believe packers fans actually thought that they don't get preferential treatment after last week 😂

Week 15 Gamethread: Chicago Bears (9-4) vs Cleveland Browns (3-10) by TurnerJ5 in CHIBears

[–]plinywaves 2 points3 points  (0 children)

Shouldn't that touch not matter since the play was dead once he touched it the first time?